<description>&lt;div class="OutlineElement Ltr SCXW49020462 BCX0"&gt; &lt;p class="Paragraph SCXW49020462 BCX0"&gt;&lt;span class= "TextRun SCXW49020462 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;Most founders think &lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;they're&lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt; not great negotiators. John Richardson thinks &lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;they're&lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt; wrong. Richardson has spent decades teaching negotiation at MIT's Sloan School of Management and before that at Harvard Law, where he was an associate at the Harvard Negotiation Project and &lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;co-authored foundational texts with Roger Fisher and Howard &lt;/span&gt;&lt;span class= "NormalTextRun SpellingErrorV2Themed SCXW49020462 BCX0"&gt;Raiffa&lt;/span&gt;&lt;span class="NormalTextRun SCXW49020462 BCX0"&gt;. His new book is called &lt;/span&gt;&lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;Never Settle&lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;. In this episode, you discover how to&lt;/span&gt;&lt;span class="EOP SCXW49020462 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/div&gt; &lt;div class="SCXW49020462 BCX0"&gt; &lt;div class="ListContainerWrapper SCXW49020462 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW49020462 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW49020462 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW49020462 BCX0"&gt;&lt;span class= "TextRun SCXW49020462 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;use a "best guess" about a buyer's motivations to get them talking, even when &lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;they're&lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt; deliberately keeping their cards close&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW49020462 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW49020462 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW49020462 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW49020462 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="2" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW49020462 BCX0"&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;reframe yourself as the first offer at the table, so you walk into every conversation with leverage you already own&lt;/span&gt;&lt;span class="EOP SCXW49020462 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW49020462 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW49020462 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW49020462 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="3" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW49020462 BCX0"&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;prepare for the emotional flood that hits founders in high-stakes negotiations, and the neuroscience-backed technique that short-circuits it&lt;/span&gt;&lt;span class="EOP SCXW49020462 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW49020462 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW49020462 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW49020462 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="4" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW49020462 BCX0"&gt;&lt;span class= "TextRun SCXW49020462 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;tell the difference between a buyer &lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;who's&lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt; genuinely nervous about AI disruption and one &lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;who's&lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt; using uncertainty as a bargaining chip&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW49020462 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW49020462 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW49020462 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW49020462 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="5" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW49020462 BCX0"&gt;&lt;span class= "TextRun SCXW49020462 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;respond to a &lt;/span&gt;&lt;span class= "NormalTextRun SpellingErrorV2Themed SCXW49020462 BCX0"&gt;retrade&lt;/span&gt;&lt;span class="NormalTextRun SCXW49020462 BCX0"&gt; without blowing up the deal, including the exact language Richardson recommends&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW49020462 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW49020462 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW49020462 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW49020462 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="6" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW49020462 BCX0"&gt;&lt;span class= "TextRun SCXW49020462 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;avoid the trap of &lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;stating&lt;/span&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt; a non-negotiable term too early, and why doing so often ends negotiations before they begin&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW49020462 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;div class="ListContainerWrapper SCXW49020462 BCX0"&gt; &lt;ul class="BulletListStyle1 SCXW49020462 BCX0" role="list"&gt; &lt;li class="OutlineElement Ltr SCXW49020462 BCX0" role="listitem" aria-setsize="-1" data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props= "{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="7" data-aria-level="1"&gt; &lt;p class="Paragraph SCXW49020462 BCX0"&gt;&lt;span class= "TextRun SCXW49020462 BCX0" lang="EN-CA" xml:lang="EN-CA" data-contrast="auto"&gt;&lt;span class= "NormalTextRun SCXW49020462 BCX0"&gt;find out why the highest offer is not always the best deal, and how to build a personal scorecard that reflects what you &lt;/span&gt;&lt;span class= "NormalTextRun AdvancedProofingIssueV2Themed SCXW49020462 BCX0"&gt;actually want&lt;/span&gt;&lt;/span&gt;&lt;span class="EOP SCXW49020462 BCX0" data-ccp-props= "{"134233117":true,"134233118":true,"201341983":0,"335559740":240}"&gt; &lt;/span&gt;&lt;/p&gt; &lt;/li&gt; &lt;/ul&gt; &lt;/div&gt; &lt;/div&gt;</description>

Built to Sell Radio

John Warrillow

Ep 541 Mastering the Deal: 7-Figure Negotiation Mistakes Founders Make When Selling Their Business with MIT's John Richardson, Author of Never Settle

APR 10, 202654 MIN
Built to Sell Radio

Ep 541 Mastering the Deal: 7-Figure Negotiation Mistakes Founders Make When Selling Their Business with MIT's John Richardson, Author of Never Settle

APR 10, 202654 MIN

Description

Most founders think they're not great negotiators. John Richardson thinks they're wrong. Richardson has spent decades teaching negotiation at MIT's Sloan School of Management and before that at Harvard Law, where he was an associate at the Harvard Negotiation Project and co-authored foundational texts with Roger Fisher and Howard Raiffa. His new book is called Never Settle. In this episode, you discover how to use a "best guess" about a buyer's motivations to get them talking, even when they're deliberately keeping their cards close reframe yourself as the first offer at the table, so you walk into every conversation with leverage you already own prepare for the emotional flood that hits founders in high-stakes negotiations, and the neuroscience-backed technique that short-circuits it tell the difference between a buyer who's genuinely nervous about AI disruption and one who's using uncertainty as a bargaining chip respond to a retrade without blowing up the deal, including the exact language Richardson recommends avoid the trap of stating a non-negotiable term too early, and why doing so often ends negotiations before they begin find out why the highest offer is not always the best deal, and how to build a personal scorecard that reflects what you actually want